The strategic priorities of the Finance Complex include:
- expanding and granting new loan products and services to meet client needs;
- achieving an optimal utilization of the Bank’s risk bearing capacity;
- lowering client borrowing costs (interest rates) and increase investment income;
- increasing the franchise value of the Bank Group.
The core activities of the complex are of dual nature: (i) operational and
(ii) non-operational. (i) Operational activities include the credit risk rating of sovereign and non-sovereign borrowers, project risk assessment, loan administration and capital market activities. (ii) Non-operational activities consist in measuring, controlling and monitoring the operational activities. The Complex also plays a critical role in the financial governance of the Bank and is the Bank’s main interface with the international financial community.
The effective execution of finance activities to achieve the above strategic priorities fall under the responsibilities of three Departments:
Financial Management Department
The Financial Management Department’s main roles include:
- safeguarding the financial integrity and soundness of the Bank by carefully managing the equilibrium between risk bearing capacity and risks assumed in support of a steady expansion of lending operations;
- preserving the sound quality of the loan portfolios of the Bank by carefully assessing and monitoring credit risks of lending operations for their compliance with capital adequacy and exposure management policies and guidelines;
- monitoring and reporting treasury risks (credit and market) and compliance with asset and liability management guidelines;
- strengthening the risk bearing capacity of the Bank and ensure that it is optimally used between non-core (treasury and asset-liability management or ALM) and core (lending or credit) activities; and
- propagating risk management skills and practices in the Bank and in RMCs by leading the design and implementation of specialized project appraisal and risk analysis training seminars.
Treasury department activities revolve around two main objectives:
- maintaining the Bank’s financial integrity through:
- raising cost effective resources to make funds available to clients at attractive rates;
- administering shareholder funds efficiently;
- settling transactions timely and accurately;
- outperforming performance benchmarks in the management of the Bank’s Treasury assets on a continuous basis;
- maintaining a “best practice” organization.
- supporting the Bank Group’s development mandate through:
- raising cost effective resources in African currencies to contribute to the development of African capital markets and make resources available to clients in their own currencies;
- designing loan and financial products that meet client needs;
- contributing to the ongoing training needs of Regional Member country specialized staff in treasury activities.
Financial Control Department
The Financial Control Department is, among other things, responsible for all the institution's controllership functions through activities such as:
- loan disbursement administration and accounting;
- financial control and accounting services;
- compliance monitoring;
- communication with stakeholders;
- missions travels and consultants management accounting;
- Regional Member Country (RMC) training;
- facility management (fixed assets).